Weed stocks surge after Kamala Harris promises to decriminalize pot
Reuters
Published Oct 08, 2020 04:48PM ET
(Reuters) - U.S.-listed shares of major cannabis producers surged on Thursday after Democratic vice president nominee Kamala Harris said the Biden administration would decriminalize marijuana at the federal level in the United States if they were elected.
During Wednesday night's debate with Vice President Mike Pence, Harris said she and Democratic presidential nominee Joe Biden would also expunge the records of those that have been convicted of marijuana-related offences in the past.
Cannabis stock tracker MJ ETF (P:MJ) rose 5.5% in the session, its best day since early June.
Shares of Tilray Inc (O:TLRY) rose 19.2% on the Nasdaq, while U.S.-listed Canopy Growth (NYSE:CGC) Corp (TO:WEED), Aphria Inc (TO:APHA) and Aurora Cannabis Inc (TO:ACB) closed between 10% and 13% higher.
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Written By: Reuters
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